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The topic of making money online is still a hot topic.
The ever-expanding drought in the global employment market plus the yearning of freedom that many people have has pushed people to seek alternative sources of employment.
More importantly, people want alternative sources of making money apart from the traditional white collar jobs, and brick and mortar businesses.
Allow me to take you through some of the best ways of earning money online.
This is probably one of the most popular forms of online employment.
When you are a freelancer, you pick the tasks that you want to work on and you are not committed to a single employer.
The top available freelancing jobs include writing (academic, article, ghostwriting), transcription (converting video and/or audio to text), virtual assistant jobs, software development jobs and design.
Interested in freelance writing? Get this free workshop on how to build a six-figure writing career.
Need transcription training instead? Get this Free 7-Lesson Transcription Mini Course from Janet Shaugnessy! Janet has been a professional transcriptionist for more than a decade. Her free e-course will teach you the ins and outs of general transcription.
2) Kindle Publishing
Kindle Direct Publishing is an e-book publishing unit run by Amazon. To put it simply, you can write your own book and publish it there.
You get to sell your e-book to millions of readers across the world. It takes you five minutes to publish your e-book and it goes online in about 48 hours’ time, sometimes less.
The advantages of Kindle publishing are: the e-book can become a form of passive income for life, there are no charges to publish your book and you can post as many e-books as you wish.
However, the cons to it is that when you publish your ebook on the Kindle Direct Publishing platform, you cannot publish it anywhere else BUT Amazon, for a 90-day period.
You also need to pick a good niche and market your book\s aggressively.
3) Domain Flipping
Domain flipping is simply the buying and selling of domains. A domain is more like a website address such as “www.google.com”.
Some people create or buy domain names then keep them, hoping someone will need them and buy from them.
To make money from domain flipping, you have to identify some domains which you think will be easy to sell.
For instance, you can create a domain name such as “workfreedomforever” since more people are looking to become freelancers.
In the future, an organization/individual might buy the domain name from you for good cash!
A good platform that is a great choice for registering a domain name is namecheap.
4) Niche Websites
The other way you can use to make money from home is by creating and running a niche site. By niche, I mean you create a website that will focus on a very specific thing.
That specific thing maybe pet food, health and fitness, or fashion. You then focus on getting good traffic and earn money via Google Adsense or affiliate marketing.
Patrick Mahinge, who shared his story here, is earning well over $10,000 with his niche site on how to sleep better.
That can’t be right Virginia. How in the world will someone earn money online by dropping ships in the ocean?
Let me explain.
Dropshipping is one of the most interesting online enterprising concepts ever. Most people who dropship use e-bay or Aliexpress.
When you are a dropshipper, you become an indirect marketer for e-bay (or another online shop). You pick some items which you can afford to pay for and market them.
Let’s say it’s a computer that’s worth $100. You market it and get a client whom you charge $160 for the computer. You pay for the computer and have the supplier deliver it to the client.
After the sale, you will have made a profit of $60.
The advantage of this method is that you don’t need a capital to start and you do not need a physical store, but some of the downsides to this is that there can be shipping delays and sudden stock shortages.
This can happen because you are not the supplier and you are not in control of the inventory.
A popular e-commerce platform that a lot of dropshippers use is Shopify.
You can easily set up your Shopify store and sell anything from cat socks to phone cases. Via the platform, you can also accept payments from your customers and easily track purchases.
- Freelance writers can find jobs in these three sites
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- Tips on how to start a fab Shopify business
- Learn how Suzi was able to grow her blog from $0 to $17,000 p.m
- This is how you end up LOSING blog traffic!
6) YouTube Videos
This is another way of making money online. You can earn money by having a YouTube channel! (Sorry, not by watching :)).
YouTube will pay you if you have a monetized channel.
By monetizing your channel, I mean that you have to connect it to an AdSense account and you will earn money every time someone watches the videos for at least 30 seconds or clicks on the ads.
Please note that you need to have 1000 subscribers and 4000 hours watch time before ads can be activated on your channel.
7) Write eBooks and Sell on Facebook
If you never thought that you could make money through Facebook, now there is a way.
Talented authors and designers are continually creating excellent works and marketing them on Facebook.
The best way to earn from Facebook is to join marketing groups and pages or create your own. From there, write juicy books that people would be interested to read.
Once you are established, people will not be afraid to pay you for your books.
The best way to earn from Facebook is to join marketing groups and pages or create your own.
From there, write juicy books that people would be interested to read. Once you are established, people will not be afraid to pay you for your books.
Once you are established, people will not be afraid to pay you for your books.
8) Create and Run Courses
Are you good at something, like really good? This can be cooking, tailoring, academic tutoring, painting lessons and so on.
The good news is that you can create courses online and have people enroll at a fee!
Simply create a perfectly detailed course in text, video or audio and use platforms such Udemy to sell your course.
You will be surprised at how well this idea might perform as people are ever thirsty for knowledge.
I also found out recently that more online business people are moving to Teachable.
It’s another platform where people can easily sign up for your course.
With a payment gateway put in place, together with sales and marketing tools added, Teachable ensures that you have a seamless way of creating ecourses for your students.
9) Sell Photos Online
Websites, bloggers, designers, social media personalities, celebrities, and artists are ever hunting for images to use in their daily activities.
However, they cannot go taking photos of them, and that is where you can come in.
You need a good camera or camera phone to start making some good cash online. Take very clear and high quality (HD) images of different things and places.
Shoot the skies, underwater, African jungle, busy cities, animals, upcountry, and other creative things.
Then join photo selling websites such as Shutterstock, PhotoShelter, Fotolia, 123RF and post them there.
The more photos and better quality you present, the more money you can earn.
Blogging is a common way of making money online globally.
A blog is more of an informal website which is normally written in a conversational tone and is updated regularly. You’re actually on my blog right now.
Create a blog, write great content, market it and aim to get good traffic.
From there, you can sell eBooks or eCourses and other consultancy services at a fee. You can also promote other people’s products and get a commission (affiliate marketing)
11) Sell Your Artsy Stuff On Etsy
The website, Etsy welcomes all creative minds who can make interesting items with their hands to market them there.
They accept a wide range of items; jewelry, toys, art items, clothing, gifts, home décor, digital items and so on.
You can visit the site and get an idea of the items posted by other users.
12) Affiliate Marketing
Another great way to make extra money online is via affiliate marketing.
This is where online businesses affiliate (or associate) themselves with website owners or social media users to market themselves, gain traffic and generate sales.
The online businesses can pay for each new client introduced by the affiliate.
You can become an affiliate to a bigger website or online business if you have a blog, or if you use social media a lot.
One such example is the Payoneer card. I applied for my card via somebody’s link. When I received my first payment of $100, I got paid $25.
The person who’s link I used received $25 too for recommending the card.
Some of these affiliate programs perform so well that people make fortunes out of them.
You can drive many clients to a business and earn a good one-off pay or maintain them as a network and earn a commission whenever they buy from the site.
13) Bitcoin Trading
Let me introduce you to one of the newest ways of making money online: Bitcoin Trading.
Bitcoin is a currency just like the Euro, the US dollar or the Pound, only that it is virtual (can’t be touched, i.e it’s digital).
It is used for online activities where you can buy and sell goods with it, or even get paid with it. There are two ways of earning from it; trading it or mining it.
How you trade bitcoins is by buying them (1 Bitcoin is currently worth $917 at the time of writing this) and keeping them until they gain value and then selling them.
The second method (mining) is more complex as you have to set up your computer to solve some puzzles about Bitcoin and get paid when you successfully solve them.
Bitcoin is harder to steal than cash and is constantly gaining value.
14) Forex Trading
Forex Trading might sound new to most of us but it isn’t. This art has been with us for decades, only that it has been gaining popularity in recent years.
Forex is just about the exchange of currencies, like when you have some dollars that you want to exchange for the British Pound.
Forex traders buy some currencies (e.g. dollars) and predict that its rate will increase in the next 1 hour, day, week, month, etc.
If you predicted correctly, the money you invested will be growing until you decide to stop the trade and take the profits.
Remember that if you predict wrongly, you might lose all your money in a few moments!
There has been a lot of buzz about this method of making money.
I assume we all have some ideas on what it is. You invest some cash with websites like Betway, or Betin, then predict the outcome of some football matches.
If your bets are correct, you win some money. If any of your bets is incorrect, then you lose the money.
This is one of the most controversial ways of making money. Some people are making fortunes out of it as others lose money and sink into absolute misery.
It is advisable to always calculate your moves before taking monetary risks.
There you go.
The 15 legit ways of making money online.
I’m quite sure that a few of them, or at least one, has caught your eye. Have you made money online in any of the 15 ways mentioned above?